COURT OF JUSTICE OF THE EU / Banks

Advocate General clarifies competence of EU jurisdictions over control of certain forms of share-holdings in banking field

Brussels, 27/06/2018 (Agence Europe)

In conclusions returned on Wednesday 27 June in case C-219/17, Advocate General to the Court of Justice of the European Union (CJEU) Manuel Campos Sánchez-Bordona ruled that EU jurisdictions had exclusive competence to control the legality of acts of the European Central Bank (ECB) and preparatory acts adopted in authorisation procedures for the acquisition or increase in qualifying holdings in banks.

In the 1990s, Silvio Berlusconi, the former President of the Italian Council and major...